manufacturer?
1. In 1980 Harley-Davidson faced near-bankruptcy situation because of competition from Japanese motorcycle manufacturers Honda, Kawasaki, Suzuki, and Yamaha.
2. The US International Trade Commission (USITC) concluded that Harley-Davidson was being harmed by Japanese import. Thr tariffs were only 4.4% then.
3. President Reagan took action on April 1, 1983 (Trump must copy that date from Reagan playbook 42 years later, but changed it to 4/2 for superstition reason . LOL), raised tarriff by a fucking 45% (4.4% to 49.4%).
4. Harley-Davidson used the time and breathing room provided by the tariffs to improve its quality, modernize its business practices, and introduce new products.
5. By 1987, Harley-Davidson became profitable again and fully recovered.
6. The tariff expired in 1988 when the company no longer felt it needed tarriff.